Archive List for Money

Real Estate: Mortgage rates continue to rise, pushing some potential homebuyers out of the market

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#youtube #stockmarket #news With 30-year mortgage rates sitting high above 7% and mortgage applications slowing significantly, when — and where — will prospective U.S. homebuyers find relief? Redfin (RDFN) CEO Glenn Kelman sits down with Yahoo Finance to explain the factors squeezing Americans out of the housing market, including the combo of elevated mortgage and interest rates, and noticeable regional and generational trends for homebuyers. “Chicago is doing better, Florida is doing better, Texas has mostly been doing better,” Kelman says. “It’s the West that’s really struggling, and especially Oregon and California. People are fleeing high-tax states and that trend has mostly not reversed.” For more expert insight and the […]

Consumers plan on spending more this holiday season: Report

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PwC released its 2023 Holiday Spending Outlook, which showed 40% of consumers plan on spending more than they did last year. Some surprises from the outlook include an increase in spending from Gen-Z versus baby boomers, who plan to spend 4% less than last year, as well as Gen-Z’s proclivity to shop in-person. Kelly Pedersen, PwC US Retail Leader, joins Yahoo Finance anchors Josh Lipton and Julie Hyman to break down the outlook and what trends are emerging from consumers for the upcoming holiday shopping season. Pedersen summarizes many of the trends, saying “we are seeing this movement towards a younger generation of shoppers and their willingness to spend more […]

Taylor Swift’s ‘The Eras Tour’ film hits over $100M in presales

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Taylor Swift’s The Eras Tour concert film reached over $100 million in presales, according to AMC (AMC). The film is set to hit theaters on October 13. Yahoo Finance’s Brad Smith and Seana Smith discuss the film’s popularity and the power of Taylor Swift. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Subscribe to Yahoo Finance: https://yhoo.it/2fGu5Bb #youtube #yahoofinance #stockmarket About Yahoo Finance: At Yahoo Finance, you get free stock quotes, up-to-date news, portfolio management resources, international market data, social interaction and mortgage rates that help you manage your financial life. Yahoo Finance Plus: With a subscription to […]

UAW President Shawn Fain delivers remarks on further walk-offs

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United Auto Workers President Shawn Fain gives a speech regarding plans for union workers to walk off the job at new plants. Subscribe to Yahoo Finance: https://yhoo.it/2fGu5Bb #UAW #youtube #stockmarket About Yahoo Finance: At Yahoo Finance, you get free stock quotes, up-to-date news, portfolio management resources, international market data, social interaction and mortgage rates that help you manage your financial life. Yahoo Finance Plus: With a subscription to Yahoo Finance Plus get the tools you need to invest with confidence. Discover new opportunities with expert research and investment ideas backed by technical and fundamental analysis. Optimize your trades with advanced portfolio insights, fundamental analysis, enhanced charting, and more. To learn […]

Jobs report ‘strengthens’ rate hike case, doesn’t guarantee it: Economist

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The September jobs report came in hotter than expected, with 336,000 jobs added to the U.S. economy. What does this mean for the Federal Reserve’s future rate hikes? Citi Global Economist Robert Sockin joins Yahoo Finance Live to discuss. “On balance, it puts the Fed in a difficult spot because, on the one hand, they’re seeing very strong labor demand and very strong hiring,” Sockin says, “[and] on the other hand, you also saw wage growth come in a bit softer than expected.” Sockin believes that while the jobs report encourages the case for another rate hike, “it doesn’t guarantee it given that you’re getting some mixed signals on the […]

Taiwan Semiconductor reports Q3 revenue declines during AI hype

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Chipmaker Taiwan Semiconductor (TSM) shared falling revenue in the month of September, asserting the declines were better than expected. Yahoo Finance Live’s Akiko Fujita and Rachelle Akuffo monitor the stock action surrounding the chip company and its competitors amid artificial intelligence trends and lags in the PC market. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. #AI #youtube #stockmarket Subscribe to Yahoo Finance: https://yhoo.it/2fGu5Bb About Yahoo Finance: At Yahoo Finance, you get free stock quotes, up-to-date news, portfolio management resources, international market data, social interaction and mortgage rates that help you manage your financial life. Yahoo Finance Plus: […]

Tesla Model 3, Model Y get price cuts

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Tesla (TSLA) is trimming the costs of its Model 3 and Model Y EVs. Most versions of the Model 3 are getting a price cut of $1,250, while the long-range version of the Model Y SUV is now $2,000 cheaper. It comes after the EV maker reported third quarter deliveries that missed expectations. Yahoo Finance Live discuss the latest price cuts. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Subscribe to Yahoo Finance: https://yhoo.it/2fGu5Bb #youtube #Tesla #yahoofinance About Yahoo Finance: At Yahoo Finance, you get free stock quotes, up-to-date news, portfolio management resources, international market data, social interaction […]

Biden administration to resume building Trump’s border wall

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The Biden administration, despite previous opposition, has decided to resume construction on a section of the U.S.-Mexico border wall started under Former President Trump. Additionally, to address concerns about the number of migrants in places like New York City, the administration will start deportations of Venezuelan migrants who do not meet the criteria for temporary protected status, a program introduced by Biden last month. Yahoo Finance’s Rick Newman explains the immigration challenges faced by the Biden administration. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Subscribe to Yahoo Finance: https://yhoo.it/2fGu5Bb About Yahoo Finance: At Yahoo Finance, you get […]

Car buyers prefer hybrids over EVs: Report

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The U.S. auto market is seeing a growing preference for hybrid vehicles over fully electric vehicles. Hybrid sales have doubled since 2020 from Global Data, now outpacing pure EVs in the U.S. While pricier upfront, Idaho National Lab reported hybrids can save consumers money long-term on fuel costs. Yahoo Finance’s Rachelle Akuffo and Akiko Fujita examine what’s driving the hybrid demand surge. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live Subscribe to Yahoo Finance: https://yhoo.it/2fGu5Bb #youtube #yahoofinance #EV About Yahoo Finance: At Yahoo Finance, you get free stock quotes, up-to-date news, portfolio management resources, international market data, social […]

Oil prices decline, analysts fear demand destruction

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Oil prices continue their decline this week with JPMorgan analysts noting deepening demand destruction fears. Yahoo Finance Markets Reporter Ines Ferre examines recent analyst comments on crude oil demand forecasts as overseas suppliers extend their production cuts. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Subscribe to Yahoo Finance: https://yhoo.it/2fGu5Bb #youtube #OIL #yahoofinance About Yahoo Finance: At Yahoo Finance, you get free stock quotes, up-to-date news, portfolio management resources, international market data, social interaction and mortgage rates that help you manage your financial life. Yahoo Finance Plus: With a subscription to Yahoo Finance Plus get the tools you […]